Ethereum (ETH) is currently consolidating within a bullish pennant pattern, indicating a potential price breakout towards $3,600. This pattern on the Ethereum 4-hour chart suggests that if key resistance levels are crossed, a larger rally may be triggered.
According to analysts, Ethereum's long-term price targets could extend up to $8,540, should it manage to breach these pivotal points. The bullish pennant formation is a key focus for traders, looking to capitalize on potential upward momentum.
Overall, with careful observation of market dynamics and resistance levels, Ethereum could see significant price movements.
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